Thursday, December 04, 2008

Berg: D.E. Shaw, Farallon Restrict Withdrawals as Fund Freeze Deepens

"D.E. Shaw & Co. LP, the investment firm run by David Shaw, and Farallon Capital Management LLC limited withdrawals by clients, joining more than 80 hedge-fund managers to impose restrictions in the past two months.
D.E. Shaw, which oversees $36 billion, capped redemptions from its Composite and Oculus funds, said two people familiar with the New York-based company. Farallon, a $30 billion firm based in San Francisco, did the same with its biggest fund after investors asked to get back more than 25 percent of their money.


Anonymous said...

the game is over

Anonymous said...

Makes a lot of sense as the market is predicted to rebound next year.